RAM Ratings has been informed that Hong Leong Industries Berhad has redeemed the RM50 million of outstanding sukuk under its RM500 million Islamic Commercial Papers/Medium-Term Notes Programme (2008/2015).
At the same time, the debt facility has been cancelled. Following this, RAM Ratings no longer has any rating obligation on the facility, which had previously carried AA3/Stable/P1 ratings. (Press Release)